Just Released: The New York Fed Staff ForecastMay 2013, Jonathan McCarthy and Richard Peach – “As we did last year around this time, were presenting the New York Fed staff outlook for the U.S. economy to the Banks Economic Advisory Panel at todays meeting. It provides an opportunity to get valuable feedback from leading economists in academia and the private sector on the staff forecast; such feedback helps us evaluate the assumptions and reasoning underlying our forecast and the risks to it. Its important to open the staff forecast to periodic evaluation to inform the staffs discussions with New York Fed President Bill Dudley about economic conditions. In the same spirit of inviting feedback, were sharing a short summary of our forecast; for more, see the material from the Panels meeting.”
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